Plain and simple, these two companies are trying to deliver profits to insiders with shareholder money. If the shareholder gets a yacht, too, ain't that nice. But it is not a priority.
Michael, well, on this point, we can agree to disagree; completely.
I have a simple rule. I buy what is cheap and buy puts on what is overpriced. The market always catches on and follows, though not always immediately.
So do you have a timeframe for the coming BK? Do you just continue to roll those puts on out as they expire worthless? And how severe will this BK be, in your opinion? And will it just be the stock market, or the the entire economy simply meltdown, with a '29 style depression as the end result? Sorry for all the questions, but your opinions are interesting...
Gary |
